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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionOklahoma City School District I-89
Jurisdiction type: School District
Fiscal year ending In2019
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: Oklahoma Statute 60-850 et. seq
Abating jurisdiction(s): Oklahoma City
Applicable taxesProperty Tax Tax
Method of abatement: Tax Diversion
Provisions for recapture: (not specified)
Gross revenue loss: $1,805,000
Reimbursement / offset: $0
Net revenue loss: $1,805,000
Type of loss: Passive
Additional notes on dislosureIn all cases of the active agreements, the District receives Property Tax taxes at the assessed valuation of the property prior to the TIF agreement.